What amount should be allocated to Ah

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Problem 1: The partnership agreement of Ah, Dhi, Dhas provides for the year-end allocation of net income in the following order: First, Ah is to receive 10% of net income up to ?100,000 and 20% over ?100,000. Second, Dhi and Dhas each are to receive 5% of the remaining income over ?150,000. The balance of income is to be allocated equally among the three partners. The partnership's 2020 net income was ?250,000 before any allocation to partners. What amount should be allocated to Ah?

a. ?103,000

b. ?110,000

c. ?101,000

d. ?108,000

Reference no: EM132713256

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